Capital city house prices reach record high in December
Hobart is no longer the most affordable capital city in Australia to purchase a house, following double-digit growth in December. ...
Property investments in MARCOOLA fare well against the rest of the country last year, registering a median home price increase of 20.38%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains MARCOOLA, 4564 saw average growth in the long term.
Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 65.0 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $716,250.
MARCOOLA ranks 623rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.63% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $716,250 | $426,650 |
| GROWTH REPORT | ||
| Median Quarterly | 5.95% | 10.82% |
| Median 12 month | 20.38% | 10.82% |
| Median 3 years | 21.4% | 17.7% |
| Median 5 years | 34.95% | 34.38% |
| 10 years average annual | 4.92% | 2.68% |
| Weekly media advert. rent | $500 | $395 |
| Time on Market | 65.0 days | 75.3 days |
| Gross Rental Yield Percent | 3.63% | 4.81% |
Hobart is no longer the most affordable capital city in Australia to purchase a house, following double-digit growth in December. ...
Australia is gearing up for a post-recession rush, with an increase in demand for office assets expected in the first quarter of 2021. ...
Property and rental prices in the Sunshine Coast have been pushed up rapidly as market volatility threatens to deplete stocks. ...
Following a tough year, dwelling values are finally on track for recovery across Australia, with the property market showing “remarkable r...
As NSW’s real estate recovers from the impact of COVID-19, the Real Estate Institute of New South Wales has mobilised to re-establish stab...
New research has revealed that as many as 21 per cent of investors are worried about money as a result of the COVID crisis. ...
Get notifications in real-time for staying up to date with content that matters to you.
